Cryptocurrencylistings Markets: After a steep decline over the weekend, cryptocurrencies are showing signs of recovery.
The crypto winter may not be over, but there are emerging signs that a gradual improvement is on the horizon.
Following a sharp decline to $17,700, Bitcoin has recovered some ground, now hovering around the $20,000 mark. In fact, it has witnessed a positive movement of 5.68% over the past day; however, the past week remains challenging with a total decrease of 15.33%. Currently, Bitcoin is priced at $20,826.91.
Ethereum's ether has also seen a resurgence, climbing by 9.27% and trading at a healthier level. $1,156.32 . Meanwhile, Binance’s BNB is up by 4.67%.
A number of other cryptocurrencies are showing signs of sturdier recovery, with several witnessing an uptick over the last week. Cardano’s ADA has risen by 6.04%, marking a 10.31% gain over the week. XRP is up by 3.43%, Solana’s SOL has increased by 11.71%, and Dogecoin’s DOGE has moved up by 4.79%. Notably, Solana has experienced a remarkable spike, gaining 32.29%, thus recovering about one-third of its value in just the past seven days.
The standout performer today is Synthetix SNX, which has surged by an impressive 74.41%. Other cryptocurrencies making significant gains include STEPN GMT, up by 22.78%, Basic Attention Token BAT at 20.31%, Aave with an 18.63% increase, and Maker MKR, which has gone up by 17.78%.
Cryptocurrencies tied to NFTs are also showing positive momentum. Decentraland's MANA, which recently outstripped Flow in market capitalization, remains the leading metaverse-related cryptocurrency, having grown by 4.47%. Flow itself has also seen a rise of 7.91%. ApeCoin APE has climbed up by 13.58%, Theta Network THETA increased by 11.35%, Tezos XTZ is up by 8.23%, and Axie Infinity AXS by 9.69%.
With such favorable movements, it's hardly surprising that the Metaverse Index has also started to recapture some of its previous value, rising by 12.32% and trading now at $37.56.
Read related posts:
- Cryptocurrencylistings Markets: Some cryptocurrencies show gains, while Bitcoin's price still faces downward pressure.
- Cryptocurrencylistings Market: Bitcoin seems to be approaching a crucial $20,000 support level.
- Cryptocurrencylistings Markets: Cryptocurrency values are on the rise.
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